Portfolio Products

Programs – Portfolio Products

 Unique Lending Solutions   •  Diverse Portfolio of Products

Lakeview provides a portfolio of home financing products for qualified buyers who, for various reasons, may not qualify for financing in the traditional conforming and jumbo markets.  Some products meet the definition of a Qualified Mortgage (QM) while others may not, but all portfolio products contain program parameters and underwriting standards that are in compliance with ability-to-repay (ATR) Requirements.

 

Best for:

Clients who wish to purchase or refinance, but do not fit QM loan requirements for reasons such as self-employment or recent job change.

Best for:

Borrowers who have adequate assets but do not fit traditional QM. Buyers can supplement monthly income with non-liquid or retirement assets.

Best for:

Borrowers who are ineligible for financing through traditional agency or jumbo investors due blemished credit from past financial hardships.

Best for:

Those who do not meet  QM Debt-to-Income requirements. For those who meet  residual income requirements, it allows for up to 55% DTI , usable for the financing of primary homes and cash-out refinances.

Eligible for:

  • Early Access Product
  • Alternative Income Product
  • Asset Inclusion Product
  • Expanded Ratio Product

Best for:

Investors who do not meet traditional income requirements, or who may exceed agency investment property maximums.

Our Underwriting Factors

At a minimum, Bayview may consider the following underwriting factors:

  1. Current or reasonably expected income or assets (other than the value of the property that secures the loan) that the consumer will rely on to repay the loan
  2. Current employment status
  3. Monthly mortgage payment for the loan
  4. Monthly payment on any simultaneous loans secured by the same property
  5. Monthly payments for property taxes and insurance that Bayview requires and certain other costs related to the property such as homeowners association fees and ground rent
  6. Debts, alimony, and child support obligations
  7. Monthly debt-to-income ratio or residual income, that Bayview calculated using the total of all of the mortgage and non-mortgage obligations listed above, as a ratio of gross monthly income
  8. Credit history

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